re: wow wee!!! have a CLOSE look @ the latest financial report....
250K bad debt write off.....to who? no explanation
convertable notes will cause further dilution up to the tune of 116m or if they pay back $2.5m payable on 31/5/2006 nil shares
options conversion will add a further 35m
borrowings $4m to be repaid on 11/4/06
another convertable note worth $2.5m payable on 31/1/07 (can be extended to 2008) or can be converted to shares @ 5.5c....more dilution
$4.4m cash on hand with more to come with options underwriting.......how much?
the need for further capital raising stands out like canine round things!
no income this year
nice fees paid to linq!!!!!
nice fees paid to frank!!!!
well done!
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wow !!!, page-16
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